Lesson Plan for Senior Secondary 1 - Insurance - Loss Adjuster And Loss Assessor

### Lesson Plan: Understanding Loss Adjusters and Loss Assessors in Insurance #### Class: Senior Secondary 1 (Grades 10-11) #### Subject: Insurance #### Lesson Topic: Loss Adjuster and Loss Assessor #### Duration: 60 minutes --- #### Objectives: By the end of this lesson, students will be able to: 1. Understand the roles and responsibilities of a loss adjuster and a loss assessor. 2. Differentiate between a loss adjuster and a loss assessor. 3. Appreciate the importance of loss adjusters and loss assessors in the insurance industry. --- ### Lesson Outline #### Introduction (10 minutes) 1. **Greetings and Settling In:** - Greet students and ensure they are ready for the lesson. - Briefly review the previous lesson on insurance basics. 2. **Icebreaker Question:** - Ask students if they or their families have ever filed an insurance claim and what that experience was like. 3. **Introduction to Today’s Topic:** - Introduce the terms "Loss Adjuster" and "Loss Assessor." - Provide an overview of the lesson objectives. #### Direct Instruction (15 minutes) 1. **What is a Loss Adjuster?** - A loss adjuster is a professional hired by an insurance company to investigate insurance claims. - They determine the extent of the insurance company's liability. - Responsibilities include assessing damages, investigating the circumstances of a claim, and ensuring the claim is legitimate. 2. **What is a Loss Assessor?** - A loss assessor works on behalf of the claimant (policyholder) to quantify the insurance claim. - They help the policyholder present and negotiate a fair settlement with the insurance company. - Responsibilities include evaluating the loss, preparing claims, and advising the claimant. 3. **Key Differences:** - Loss Adjuster: - Hired by the insurance company. - Focus on the company's interests. - Loss Assessor: - Hired by the policyholder (claimant). - Focus on the claimant's interests. #### Group Activity (15 minutes) 1. **Scenario-Based Role Play:** - Divide students into small groups. - Provide each group with a different scenario of an insurance claim (e.g., car accident, house fire, theft). - Assign roles within each group: policyholder, loss adjuster, and loss assessor. 2. **Instructions:** - Students role-play the claim process, with the loss adjuster and loss assessor investigating the claim and presenting their findings. - The policyholder explains the incident and provides evidence for the claim. #### Discussion and Reflection (10 minutes) 1. **Group Presentations:** - Allow each group to present their scenario and the outcomes of their role play. 2. **Class Discussion:** - Discuss the challenges faced by the loss adjuster and loss assessor. - Talk about how their roles contribute to a fair settlement process. 3. **Reflective Questions:** - What are the key skills required for a loss adjuster and a loss assessor? - How do these professionals ensure ethical practices in insurance claims? #### Conclusion and Assessment (10 minutes) 1. **Recap Key Points:** - Summarize the roles and importance of loss adjusters and loss assessors. - Reiterate the differences between the two professions. 2. **Quick Quiz:** - Conduct a short quiz with questions like: - Who does a loss adjuster work for? - What is the main role of a loss assessor? - Name one key difference between a loss adjuster and a loss assessor. 3. **Assignment:** - Assign students to write a 200-word essay on how loss adjusters and loss assessors contribute to the transparency and fairness of the insurance industry. --- #### Materials Needed: - Scenario cards for role play. - Whiteboard and markers. - Printed handouts summarizing the roles of loss adjusters and loss assessors. #### Resources: - Insurance textbooks or reference materials. - Articles or real-life case studies highlighting loss adjusting and assessing. #### Differentiation: - Provide additional support and resources for students who may struggle with understanding the concepts. - Offer advanced reading materials or case studies for students who seek deeper knowledge. #### Follow-Up: - Review and provide feedback on the essay assignments. - Plan a guest talk (if possible) from a professional loss adjuster or loss assessor for an upcoming lesson. --- By the end of this lesson, students should have a deeper understanding of how loss adjusters and loss assessors function within the insurance industry, enhancing their appreciation of these crucial roles.